26. Land Grant Company deposits all receipts and makes all p…
26. Land Grant Company deposits all receipts and makes all payments by check. The following information is available from the cash records. For partial credit, show your work. March 31 Bank Reconciliation Balance per Bank $52,051 Add: Deposits in Transit $5,412 Deduct: Outstanding Checks ($6,548) Balance per Books $50,915 Month of April Results Per Bank Per Books Balance April 30 $60,399 $62,500 April Deposits $25,486 $28,645 April Checks $24,589 $21,547 April Note Collected (not included in April deposits) $4,629 – April Bank Service Charge $67 – April NSF Check of a customer returned by the bank (recorded by bank as a charge) $1,598 – For the April 30 Bank Reconciliation, what are: a. Deposits in Transit: b. Outstanding Checks: What is the April 30 adjusted cash balance? c. Adjusted Cash Balance: For partial credit, show your work.